The price of ortho xylene dropped again this week
According to the Commodity Market Analysis System of the Business Society, as of November 15th, the price of ortho xylene was 7800 yuan/ton, a decrease of 200 yuan/ton or 2.50% compared to the price of ortho xylene of 8000 yuan/ton on November 5th last week. The price of mixed xylene slightly decreased, while the cost of ortho xylene continued to decline; Downstream demand remains weak, and the price of ortho xylene has fallen again this week.
Raw material mixed with xylene fluctuates and falls
According to the market analysis system of mixed xylene products in the Business Society, as of November 15th, the price of mixed xylene was 7140 yuan/ton, a fluctuating decrease of 2.86% compared to the price of mixed xylene of 7350 yuan/ton on November 7th last week. Crude oil prices have fluctuated and fallen, while mixed xylene prices have fluctuated and fallen. The cost of raw materials for ortho xylene has decreased, and the downward pressure on ortho xylene prices has increased.
Downstream phthalic anhydride market continues to decline
According to the market analysis system for phthalic anhydride products in the Business Society, as of November 15th, the quotation for neighboring phthalic anhydride was 7487.50 yuan/ton, a decrease of 1.64% compared to the 7612.50 yuan/ton price of phthalic anhydride on November 7th last week. The operating rate of domestic phthalic anhydride remains at 60%, and the supply of phthalic anhydride is sufficient. The price of phthalic anhydride continues to decline, while the demand for ortho phthalic anhydride remains weak. The market for ortho phthalic anhydride is bearish, and the price of phthalic anhydride has declined.
Future prospects
Analysts from Business Society’s adjacent xylene data believe that the price of mixed xylene has fluctuated and fallen this week, resulting in a decrease in the cost of adjacent xylene; The price of phthalic anhydride continues to decline, the market for phthalic anhydride continues to decline, and downstream demand for ortho benzene remains weak, resulting in a decline in ortho benzene prices. In the future, crude oil prices have rebounded and adjusted, and there is insufficient room for the decline of mixed xylene. The profit of ortho benzene is approaching zero, and there is limited room for the decline of ortho benzene prices. It is expected that ortho benzene prices will fluctuate and stabilize in the future.
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